Dermovia - Shark Tank Update

Dermovia Lace Your Face - beauty face mask

Published

Season 9, Episode 24 Founded by Anita Sun Eisenberg and Mariella Scott In Business

Dermovia Details

Shark Tank Episode Details

Founders Anita Sun Eisenberg and Mariella Scott
Air Date 2018-02-25
Season & Episode Season 9, Episode 24
Initial Ask $350K for 10.0% equity
Deal Details Got deal: $350K for 15.0% equity from Lori Greiner
Estimated Yearly Revenue $2+ million
Estimated Net Worth (4x estimated revenue) $8 million

The Shark Tank Pitch

Beauty innovation took an elegant turn when entrepreneurs Anita Sun Eisenberg and Mariella Scott identified the opportunity to revolutionize facial treatments by creating Dermovia's Lace Your Face masks as luxurious, Instagram-worthy beauty products that would transform routine skincare into spa-like experiences while delivering genuine anti-aging and hydrating benefits through advanced formulations and stunning lace-inspired designs. Their breakthrough concept combined effective skincare ingredients with visually striking patterns that resembled intricate lacework, creating facial masks that were both functional and photogenic, addressing the growing demand for beauty products that performed well while looking amazing on social media platforms where users shared their self-care routines.

Seeking $350,000 for 10% equity and valuing their beauty company at $3.5 million, Anita and Mariella entered Shark Tank Season 9 with a premium skincare brand that positioned itself at the intersection of effective beauty treatments and social media appeal, targeting affluent women seeking high-quality skincare products that delivered both results and aesthetic satisfaction while building a luxury brand that could command premium pricing in the competitive beauty market.

Where Are They Now?

The sharks evaluated Dermovia's innovative approach to facial masks with consideration of the competitive beauty market, manufacturing costs, regulatory requirements for skincare products, and the entrepreneurs' ability to scale operations while maintaining product quality and brand positioning against established beauty companies with significant marketing budgets and retail relationships. Lori Greiner recognized the product's potential and made an investment offer of $350,000 for 15% equity, valuing her experience in beauty products and retail partnerships that could help Dermovia expand distribution while maintaining its premium positioning in the luxury skincare market.

The partnership with Lori proved successful as the deal closed and she provided valuable guidance on product development, retail strategy, and brand building, helping Dermovia navigate the complex beauty industry while expanding their product line and distribution channels through her established relationships with major retailers. We found that Dermovia has achieved solid success since their Tank appearance, maintaining their position as a premium skincare brand with estimated annual revenues in the low millions while expanding their Lace Your Face product line and building distribution through high-end retailers, proving that innovative design combined with effective formulations can create sustainable luxury beauty brands when entrepreneurs focus on quality, brand consistency, and targeted marketing to affluent consumers seeking both efficacy and aesthetic appeal in their skincare routines.

Revenue

$2+ million

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